That’s over the long-term, assuming both bull and bear markets. The most often quoted “safe-withdrawal rate” is roughly 4% of invested assets. This assumes roughly between a 80/20 and 100/0 stock to bond ratio.
Says this is enough for him to be set for life and not ever have to have a real job again. I’m not the most well versed in either investing or personal financial stability long term like this, but is he good to go? Or need a reality check?
Depends on lifestyle cost. Totally doable.
Sure, if they're spending the same as an average American household, 2mil is enough. Not lavish or anything of course.
$2M should get you about $80k per year before taxes. Definitely doable, but depends on the desired lifestyle.
That’s over the long-term, assuming both bull and bear markets. The most often quoted “safe-withdrawal rate” is roughly 4% of invested assets. This assumes roughly between a 80/20 and 100/0 stock to bond ratio.
Says this is enough for him to be set for life and not ever have to have a real job again. I’m not the most well versed in either investing or personal financial stability long term like this, but is he good to go? Or need a reality check?
If he doesn’t live in the US and move to a lower cost country with good healthcare. Healthcare cost shouldn’t be an issue. He’s set at $2 Million.
If he trades options he’ll generate a lot of income
Move to SE Asia.